Let's not forget that most Iron Ore companies copped a big hit mid/late last year with the economy and Iron Ore price decreases.
Atlas Iron went from ~$4.25 to $2.75
Mount Gibson went from ~$2.25 to $1.00
Seems a bit crude to wipe the guy off for the decrease in share price to what it is now when 1) he hasn't been MD since September and 2) when MD, most Iron Ore Aussie Companies were low price.
I am happy for everyone's opinion, even if they don't like IFE but I try to be balanced.
I don't know the BRM story all that well and maybe $1bn was too high for its value but it seems like it was $30m when he started. $30m to $200m seems great.
Regards,
W.
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